NEW YORK, July 18 (Xinhua) -- Oil prices rebounded on Tuesday as reports said Saudi Arabia is considering further limiting crude oil export.

The West Texas Intermediate for August delivery added 0.38 U.S. dollar to settle at 46.40 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery gained 0.42 dollar to close at 48.84 dollars a barrel on the London ICE Futures Exchange.